A company is really only as strong as the ties it forges with its clients. This is especially important if you want to position yourself for success while beginning a service-based firm. Take a look at this in-depth manual on how to launch a service business if you want to make an outstanding entrepreneurial debut. … Read more
A startup is a newly formed company that is typically small and was founded by one or more people. A startup offers a novel good or service that isn’t provided in the same way elsewhere, which sets it apart from other young companies. Innovation is the operative word. The company either creates a brand-new good … Read more
Due to the uncertainty brought on by the COVID-19 outbreak, businesses in India and throughout the world are unable to fulfil their contractual performances. Oil refineries and the airports in Delhi and Mumbai in India have cited the “Force Majeure” provision and are asking the Airport Authority of India to waive their due payments as … Read more
What is Contract Administration? Contract administration includes planning, creation and implementation of a contract by ensuring that it completes all of its specified objectives. It refers to the precise actions performed to accomplish the intended business results and manage the contract lifecycle. Contract administrators must keep open lines of communication in order to design, carry … Read more
One of the most important phases in the lifespan of a contract is negotiation. At this point, the parties engage in conversation, negotiate key provisions of the contract, and ultimately come to an agreement that will benefit both parties in their business partnership. The parties also establish their responsibilities and make plans for any risks … Read more